Taylor Swift and Live Nation Entertainment, which owns Ticketmaster, have voiced their opinion on the ticketing platform’s failure to keep up with the demand for tickets during last week’s pre-sales. Tickets for Swift’s ‘The Eras’ tour went on sale last week with millions of fans attempting to secure a seat. The enormous demand subsequently caused …
Live Nation becomes booking partner for Capital One City Parks Foundation SummerStage
Live Nation Entertainment has announced its has become the exclusive booking partner for Capital One City Parks Foundation SummerStage, a nonprofit festival experience in New York. Capital One City Parks Foundation SummerStage is a broadly accessible, free outdoor performing arts festival. SummerStage presents nearly 90 free and benefit performances every year. As part of the …
Live Nation’s busy summer drives record third quarter
Live Nation Entertainment has reported a record third quarter, powered by a busy summer with concerts from the likes of The Weeknd, Red Hot Chili Peppers and Bad Bunny. Reported revenue for the third quarter amounted to $6.2bn (£5.52bn/€6.33bn) made up of $5.3bn for concerts; $531m for ticketing; $343m for sponsorship and advertising and a …
Live Nation ‘applauds’ US President’s call for fee transparency
Live entertainment company Live Nation has said that it supports US President Joe Biden’s call for fee transparency in the sector. Yesterday (Wednesday) President Biden pledged to crack down on surprise fees sprung on consumers on things like TV cable bills, hotel rooms and concert tickets. Biden told reporters: “We’re just getting started. There’s tens …
Live Nation Women funds Gritty In Pink start-up
Live Nation Women has announced an investment from the Live Nation Women Fund into Gritty In Pink, a start-up building the InPink marketplace with the aim of equality. The InPink marketplace is a new platform that connects the music industry to a diverse community of female creators and professionals. The Live Nation Women Fund is …
Live Nation Germany acquires Goodlive
Live Nation Germany has announced the acquisition of a majority stake in festival, booking and services agency, Goodlive. The acquisition was made from private equity backers Paragon Partners and Goodlive’s founders. Berlin-headquartered Goodlive is behind festivals and event experiences such as Splash Festival in Ferropolis and Superbloom Festival in Munich. It is hoped the deal …
Live Nation, Gaiety and SJM acquire stake in Boomtown
Live Nation Entertainment, Gaiety and SJM have collectively taken a 45% stake in British festival Boomtown Fair, with Live Nation UK & Ireland chair Denis Desmond and chief operating officer Stuart Douglas joining the event’s board. Companies House filings show that Desmond and Douglas joined the board of Boomtown Festival UK and its parent company …
Live Nation revenue soars in Q1 with return of live music
Live Nation Entertainment has claimed a best first quarter ever as revenue “greatly surpassed” expectations, according to president and chief executive, Michael Rapino. The live entertainment giant, which also owns ticketing platform Ticketmaster, posted revenue of $1.8bn (£1.5bn/€1.7bn) in the three months to March 31, up from $290m in the same COVID-19-hit period in 2021. …
Live Nation Philippines launches through acquisition of MMI
Live entertainment company Live Nation has targeted the Philippines market through a strategic acquisition of Music Management International (MMI). The acquisition marks the launch of Live Nation Philippines, with MMI’s Rhiza Pascua taking on the role of managing director of the new venture. MMI is a concert promoter in the Philippines and has promoted a …
Live Nation Entertainment’s Michael Rapino sells $88m worth of shares
Live Nation Entertainment (LNE) chief executive Michael Rapino sold 78,000 shares of the company’s stock in a transaction on Friday, April 22. According to a United States Securities and Exchange Commission Statement of Changes in Beneficial Ownership, shares sold for an average price of $106.41 (£84/€99) with all sales amounting to $8.3m. Rapino now owns …